Once you understand the truth of cryptocurrency trading, your life will be like a cheat! In the cryptocurrency circle, the real masters are not the most dazzling in technology, the key is to strictly abide by the iron market rules.
1. Don't guess the top when it goes up, and don't estimate the bottom when it goes down
Many people are skeptical about the future trend of Bitcoin, thinking that it is difficult to break through the $150,000 mark. But this is often because they have not yet felt the crazy power of the bull market. Recall that Bitcoin once hit $68,000, which seemed to be close to the top, but it quickly fell back to $62,000, and then plummeted to $56,000. This drastic fluctuation caught many investors off guard.
2. It is best to buy and sell 1% at a time
When the funds are small, many people will find it difficult to operate, but the masters know the art of "adding a little bit". Only 1% of the account is used for each transaction, which can control risks and seize opportunities flexibly.
3. Don't be afraid of high prices, because it is difficult to make money at high prices
It is a big challenge in the cryptocurrency circle to make money at high prices. When the main funds are pulling up a currency, the costs behind it are often not cheap, including advertising, chip accumulation, project development, etc. If you want to make money at a high level, you must rely on multiple or even dozens of times of growth to cover the cost and obtain rich profits.
Fourth, the bull market, turn over depends on it
In the bull market, opportunities are often hidden in the rising market. Even the investment master Buffett will choose to wait and see when facing a bear market and stick to his familiar field. In the bull market, the rapid growth of the currency circle provides investors with a good opportunity to turn over.
Five, technical indicators, just look at it, don't take it seriously
Technical indicators such as MACD, KDJ, etc., although they have certain reference value in analyzing market trends, they often lag behind the actual market trends. Experts will not rely entirely on these indicators, but combine their own experience and market intuition to make judgments.
Six, believe that you can win, this is a must
In the currency circle, confidence is the cornerstone of success. Every successful boss has been climbing up from losses and has never been knocked down. If you don’t even believe that you can make money, how can money be willing to flow into your account?
